GRAND RAPIDS, Mich. (WOOD) — A state panel says it considers a proposal to build an electric vehicle plant near Big Rapids "abandoned," so it is clawing back some $175 million in incentives for the project.

In a letter to Gotion Inc., the Michigan Economic Development Corp. Michigan Strategic Fund said it was suspending a $125 million Critical Industry Program grant. The MEDC says the company never hit the milestones for that money, so it was never paid out.

The MEDC also told Gotion to pay back about $23.7 million it used to buy property and said it was pulling about $26.3 million for site preparation that's currently being held by economic development agency The Right Place, Inc.

The news was first reported by Crain's Grand Rapids Business. An MEDC official told Crain's that without t

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